Attorney General Hunter Announces Price Gouging Statute in Effect Statewide Following Federal Emergency Declaration Regarding COVID-19

Media Release

Attorney General Mike Hunter today announced the state’s price gouging statute is in effect statewide following Pres. Donald Trump’s emergency declaration regarding COVID-19, also known as the Coronavirus.

The price gouging statute, or the Emergency Price Stabilization Act, prohibits an increase of more than 10% for the price of goods or services after a declared emergency. The statute automatically triggers after the issuance of a state or federal emergency declaration.

Attorney General Hunter said the statute allows his office to pursue charges against individuals or businesses that engage in price gouging.

“Scam artists routinely prey on individuals’ emotions during times of fear and crisis,” Attorney General Hunter said. “I encourage Oklahomans to remain calm but cautious during the ongoing Coronavirus pandemic. Don’t pay inflated prices for things like hand sanitizer, paper towels or other products and services that are becoming sparse. If anyone encounters price gouging, fraudulent charities or other crimes related to deceptive business practices, contact my office where we will not hesitate to prosecute in order to shut these operations down to protect our citizens.”

For more information or to file a complaint, individuals are encouraged to contact the Attorney General’s Consumer Protection Unit by phone at (405) 521-2029, or email at consumerprotection@oag.ok.gov.

The following are guidelines and information on how to avoid scams related to the Coronavirus, as well as where to find additional information and resources:

·         Avoid all offers for vaccines or other products specifically claiming to treat or cure COVID-19. The FDA has not yet approved any medical products or treatments for this virus;

·         Do not open emails claiming to be from the Centers for Disease Control and Prevention (CDC), the World Health Organization (WHO), or any other entity for which you have not personally subscribed to receive email updates;

·         Go directly to government websites, like the CDC, to review trusted updates. These organizations will never ask for personal log-in information or require a download to provide health materials from an email; and

·         Thoroughly research charities claiming to be assisting those affected by the Coronavirus. Reputable relief organizations will never require donations in cash, wire, transfers or gift cards. Do not be pressured into immediately paying, instead take time to confirm legitimacy.

Posted on Fri, March 13, 2020 by Alex Gerszewski

U.S. Attorney’s Office warning of coronavirus scams

TULSA, Okla. (KFOR) – The United States Attorney’s Office is warning the public to be aware of fraud schemes seeking to exploit the evolving COVID-19 public health crisis.

“The U.S. Attorney’s Office is working with federal, tribal, state, and local law enforcement partners to ensure mission critical operations continue and that public safety is guarded,” said U.S. Attorney Trent Shores. “Unfortunately, as our community takes steps to slow the spread of COVID-19, there are fraudsters who would seek to exploit fear and anxiety during this public health crisis. Attorney General Barr charged U.S. Attorneys across our nation to hold accountable any profiteer seeking to exploit the public, and we will do so. Rest assured, my office is committed to pursuing justice for any Oklahoman victimized by a COVID-19 scam.”

Scammers have already devised numerous methods for defrauding people in connection with COVID-19. They are setting up websites, contacting people by phone and email, and posting disinformation on social media platforms.

Some examples of scams linked to COVID-19 include:

Treatment scams: Scammers are offering to sell fake cures, vaccines, and advice on unproven treatments for COVID-19.

Supply scams: Scammers are creating fake shops, websites, social media accounts, and email addresses claiming to sell medical supplies currently in high demand, such as surgical masks. When consumers attempt to purchase supplies through these channels, scammers pocket the money and never provide the promised supplies.

Provider scams: Scammers are also contacting people by phone and email, pretending to be doctors and hospitals that have treated a friend or relative for COVID-19, and demanding payment for that treatment.

Charity scams: Scammers are soliciting donations for individuals, groups, and areas affected by COVID-19.

Phishing scams: Scammers posing as national and global health authorities, including the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC), are sending phishing emails designed to trick recipients into downloading malware or providing personal identifying and financial information.

App scams: Scammers are also creating and manipulating mobile apps designed to track the spread of COVID-19 to insert malware that will compromise users’ devices and personal information.

Investment scams: Scammers are offering online promotions on various platforms, including social media, claiming that the products or services of publicly traded companies can prevent, detect, or cure COVID-19, and that the stock of these companies will dramatically increase in value as a result. These promotions are often styled as “research reports,” make predictions of a specific “target price,” and relate to microcap stocks, or low-priced stocks issued by the smallest of companies with limited publicly available information.

False bank claims: The Federal Deposit Insurance Corporation has reported an uptick in fraudulent calls, text messages, letters and emails from scammers pretending to be FDIC employees. The scammers falsely claim that banks are limiting access to deposits or that there are security issues with bank deposits. The scammers, along with trying to create distrust, are also after bank account and other personal information. The FDIC does not send unsolicited correspondence asking for money or sensitive personal information. It never will contact people asking for personal details, such as bank account information, credit and debit card numbers, Social Security numbers, or passwords.

You can take the following steps to protect yourself against these scams:

·         Independently verify the identity of any company, charity, or individual that contacts you regarding COVID-19.

·         Check the websites and email addresses offering information, products, or services related to COVID-19. Be aware that scammers often employ addresses that differ only slightly from those belonging to the entities they are impersonating. For example, they might use “cdc.com” or “cdc.org” instead of “cdc.gov.”

·         Be wary of unsolicited emails offering information, supplies, or treatment for COVID-19 or requesting your personal information for medical purposes. Legitimate health authorities will not contact the general public this way.

·         Do not click on links or open email attachments from unknown or unverified sources. Doing so could download a virus onto your computer or device.

·         Make sure the anti-malware and anti-virus software on your computer is operating and up to date.

·         Ignore social media and email offers for a COVID-19 vaccine, cure, or treatment. Remember, if there is a medical breakthrough, you won’t hear about it for the first time through an email, online ad, or unsolicited sales pitch.

·         Check online reviews of any company offering COVID-19 products or supplies. Avoid companies whose customers have complained about not receiving items.

·         Research any charities or crowdfunding sites soliciting donations in connection with COVID-19 before giving. Remember, an organization may not be legitimate even if it uses words like “CDC” or “government” in its name or has reputable looking seals or logos on its materials. For online resources on donating wisely, visit the Federal Trade Commission (FTC) website.

·         Be wary of any business, charity, or individual requesting payments or donations in cash, by wire transfer, gift card, or through the mail. Don’t send money through any of these channels.

·         Be cautious of “investment opportunities” tied to COVID-19, especially those based on claims that a small company’s products or services can help stop the virus. If you decide to invest, carefully research the investment beforehand. For information on how to avoid investment fraud, visit the U.S. Securities and Exchange Commission (SEC) website.

·         For the most up-to-date information on COVID-19, visit the Centers for Disease Control and Prevention (CDC) and World Health Organization (WHO) websites.

If you believe you have been the victim of a COVID-19 fraud scheme, you are encouraged to contact federal, state, and local authorities. You can also report scams to the FBI here.

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